Business

(L-R) ROMANIA'S PRESIDENT TRAIAN BASESCU, PORTUGAL'S PRIME MINISTER PEDRO PASSOS COELHO, CYPRUS' PRESIDENT NICOS ANASTASIADES, GERMANY'S CHANCELLOR ANGELA MERKEL, EUROPEAN COMMISSION PRESIDENT JOSE MANUEL BARROSO, FINLAND'S PRIME MINISTER JYRKI KATAINEN AND ITALY'S PRIME MINISTER ENRICO LETTA Europe's efforts to form...

European shares rallied on Thursday after the Federal Reserve sugar-coated the decision to start winding down its crisis-era stimulus with a promise to keep record low interest rates in place even longer than previously signaled. After months of agonizing, investors...

Honda Motor Co will introduce a new version of its subcompact Fit and the automaker's luxury brand Acura will show its TLX midsize sedan as a prototype at the North American International Auto Show in Detroit next month. The Fit's...

The Federal Reserve on Wednesday embarked on the risky task of winding down the era of easy money, saying the U.S. economy was finally strong enough for it to start scaling down its massive bond-buying stimulus. The central bank modestly...

AstraZeneca (AZN.L) has agreed to buy Bristol-Myers Squibb's (BMY.N) stake in the companies' diabetes joint venture for up to $4.1 billion in a deal that will help return the group to growth, sending its shares to an new high. AstraZeneca...

Ashikaga Holdings Co Ltd's (7167.T) return to Japan's stock market has rival lenders bracing for the exit of its main shareholder Nomura Holdings Co (8604.T) - an event expected to trigger consolidation among the country's regional banks. Japan has more...

The U.S. Federal Reserve trimmed its aggressive bond-buying program on Wednesday but sought to temper the long-awaited move by suggesting its key interest rate would stay at rock bottom even longer than previously promised. In what likely amounts to the...

… Data Shows CBN Governor Sanusi Presented Inaccurate Figures In Letter To President BEVERLY HILLS, CA, December 18, (THEWILL) –  A high level revenue account reconciliatory meeting between the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Corporation (NNPC),...

Bank of New York Mellon should be ordered to return about $337 million to Sentinel Management Group Inc, a U.S. futures broker that went bankrupt in 2007, according to a court filing made by the bankruptcy trustee. Sentinel's bankruptcy trustee,...

JPMorgan Chase & Co (JPM.N) sued the Federal Deposit Insurance Corporation in federal court on Tuesday, saying the agency owes it more than $1 billion in compensation for not assuming legal claims arising from its acquisition of Washington Mutual's...